The highly fragmented market of telecom
API holds a staggering number of service providers and aggregators that
are already offering their APIs to various telecom carriers. Alcatel
Lucent, Apigee Corp., and Fortumo OU were the leading providers of
telecom API from a global perspective in 2014. Telecom carriers have
partnered with them and other prominent players in the past to launch
APIs in the market.
According to Transparency Market
Research’s latest publication, few players are currently dominating the
scene in payment and location APIs owing to the high amount of
credibility required for them to succeed here. On the other hand, a
large number of players exist in voice, MMS, SMS, and WebRTC APIs.
The global market for telecom API is
expected to progress at an extremely positive CAGR of 23.6% within a
forecast period from 2015 to 2022. By the end of 2016, its revenue is
expected to reach US$97.06 bn and US$323.44 bn by the end of 2022.
North America to Dominate Telecom API Demand
North America, with its large number of
both enterprise developers and long-tail developers, is expected to
retain its leadership in the demand for telecom API services. By the end
of 2022, North America is expected to generate US$113.53 bn in telecom
API. North America also houses a very large base of unique subscribers
of mobile internet along with a high penetration of 4G LTE networks,
thus promoting a greater degree of utility for telecom API services.
On the other hand, Asia Pacific is
showing a massive growth rate in the demand for telecom API, owing to a
booming IT industry and its demand for applications development and
management. This region is also showing a strong growth in the number of
unique subscribers over the coming years, coupled with the promising
development and improvement of mobile connectivity.
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In terms of users, enterprise developers
are expected to be the leading segment till 2022, reaching a projected
value of US$116.08 bn by then. Meanwhile, long-tail developers, thanks
to the extremely high demand for open source API platforms, are leading
in terms of growth rate at a CAGR of 25.9% from 2015 to 2022.
Cloud Technologies and Mobile Internet Service Improve, Increase Scope of Telecom API Usage
“Cloud computing technologies have been
improving at an astronomical rate over the past few years and are not
showing any signs of slowing down any time soon. Combining the vast
array of cloud platforms with the growing use of mobile internet can
therefore create the perfect reason for telecom API services to prosper
in the coming years,” states a TMR analyst.
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